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Feb 23, 2013
02/13
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the merger of american and us air, giving us only four major airlines and less competition. comcast buying nbc universal, also reducing competition. the very wealthy getting a trivial increase in taxes while the payroll tax of working people will go from 4.2% to 6.2%. colossal salaries escalating again, many subsidized by tax payers. the postal service ending service on saturday. what's the picture you get from that montage of headlines? >> well, for me it is captured by the european word "austerity." we're basically saying that even though the widening gap between rich and poor built us up, many of the factors that plunged us into a crisis, instead of dealing with them and fixing that problem, we're actually allowing the crisis to make the inequality worse. the latest research from the leading two economists, saez from the university of california in berkeley, and piketty in france confirms that even over the last five years of the crisis, through 2012, the inequality of wealth and income has gotten worse, as though we are determined not to deal with it. all of those headli
the merger of american and us air, giving us only four major airlines and less competition. comcast buying nbc universal, also reducing competition. the very wealthy getting a trivial increase in taxes while the payroll tax of working people will go from 4.2% to 6.2%. colossal salaries escalating again, many subsidized by tax payers. the postal service ending service on saturday. what's the picture you get from that montage of headlines? >> well, for me it is captured by the european word...
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Feb 10, 2013
02/13
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KQEH
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>> us, all of us. what's happened is that these enormous telecommunications companies, comcast and time warner on the wired side, verizon and at&t on the wireless side, have divided up markets, put themselves in the position where they're subject to no competition and no oversight from any regulatory authority. and they're charging us a lot for internet access and giving us second class access. this is a lot like the electrification story from the beginning of the 20th century. initially electricity was viewed as a luxury. so when f.d.r. came in, 90% of farms didn't have electricity in america at the same time that kids in new york city were playing with electric toys. and f.d.r. understood how important it was for people all over america to have the dignity and self-respect and sort of cultural and social and economic connection of an electrical outlet in their home. so he made sure to take on the special interests that were controlling electricity then who had divided up markets and consolidated just
>> us, all of us. what's happened is that these enormous telecommunications companies, comcast and time warner on the wired side, verizon and at&t on the wireless side, have divided up markets, put themselves in the position where they're subject to no competition and no oversight from any regulatory authority. and they're charging us a lot for internet access and giving us second class access. this is a lot like the electrification story from the beginning of the 20th century....
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Feb 17, 2013
02/13
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KQEH
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and the election was pretty darn close. >> using public funding -- >> using public funding. so if you look across the country, there's all sorts of evidence of people who spent a lot of money in campaigns, who spent more money than their opponents and lost because having more money and having a lot of money doesn't make you a better candidate. what matters is having a threshold, an amount of money that's sufficient to run a credible campaign. and that's what citizen funding allows you to do. it allows you to get that amount of money that lets you run a credible campaign, be a good candidate connecting with your voters and do it in a way that's focusing your attention on ordinary citizens. >> but how does it undo the power of big money? >> well, so mayor bloomberg's an outlier. there aren't so many candidates like that. listen, we're never going to keep private money out of politics. that's the wrong ambition. the goal is to -- >> you're not saying we should? >> we shouldn't and we can't -- >> yeah, that's right. but citizens united makes it impossible. >> they have opened th
and the election was pretty darn close. >> using public funding -- >> using public funding. so if you look across the country, there's all sorts of evidence of people who spent a lot of money in campaigns, who spent more money than their opponents and lost because having more money and having a lot of money doesn't make you a better candidate. what matters is having a threshold, an amount of money that's sufficient to run a credible campaign. and that's what citizen funding allows...
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Feb 3, 2013
02/13
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KQEH
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that's what's at stake here for us. it's really not a question about whether people like president obama or whether he doesn't, whether they don't. and i frankly think that president obama has done great disservice to what his ideals were and why we elected him in the first place in 2008, which was around the questions of transparency and human rights. and that's the piece that we actually need to keep our eye in the next four years. >> you mentioned senator ron wyden a moment ago. he is on the senate select committee. he's allowed to know the legal rational that's being offered for targeted killing, as well as all the countries where the killing is where it's happening. but even he can't get answers. and he's promised to bring these issues up at john brennan's confirmation hearings for cia director coming pretty soon. what questions would you put to john brennan when he goes before the congress to testify on behalf of his nomination for director of the cia? >> i'm not going to quibble with them on the fact that they ar
that's what's at stake here for us. it's really not a question about whether people like president obama or whether he doesn't, whether they don't. and i frankly think that president obama has done great disservice to what his ideals were and why we elected him in the first place in 2008, which was around the questions of transparency and human rights. and that's the piece that we actually need to keep our eye in the next four years. >> you mentioned senator ron wyden a moment ago. he is...
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Feb 1, 2013
02/13
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KRCB
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banks are the catalyst to get us out of this morass that we're in. you can talk so long about the past, but at some point, you've got to look at the present and the future. and i thought that's what he was saying. >> narrator: the president had decided. he would wait on reforming wall street, and adopt the cautious apoach. >> i think theresident sees himself as a pragmatist: "let's get through this. let's be pragmatic. let's not shoot for the moon and miss. let's accomplish as much as we can, but let's do it with the certainty that we know we can produce by taking this a little more cautiously." >> narrator: and the president required no firm commitments from the bankers. >> i think it's clear it was an opportunity lost. he had a room full of very frightened ceos. he was in a position then to make demands, and didn't. >>e didn't wt toistu the banks. he wanted them on their side so that things were as calm as possible. there would be basically business as usual. >> today the obama administration did indeed extend them an olive branch. >> it looks like
banks are the catalyst to get us out of this morass that we're in. you can talk so long about the past, but at some point, you've got to look at the present and the future. and i thought that's what he was saying. >> narrator: the president had decided. he would wait on reforming wall street, and adopt the cautious apoach. >> i think theresident sees himself as a pragmatist: "let's get through this. let's be pragmatic. let's not shoot for the moon and miss. let's accomplish as...
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Feb 13, 2013
02/13
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trust us and we're going to use it so that you fulfill your campaign promises." >> narrator: majority leader cantor had laid out an approach that would put the new congress in direct conflict with the white house. >> it was clear the republicans were going to try to extract some price. and i think the question was, how significant would that price be? and how unyielding would the republicans be in order to get it? >> narrator: cantor thought he could count on the new members because he had worked hard to get them elected. >> america is at a crossroads, and washington remains out of touch. there is a better way, and a new team is ready to bring america back. eric cantor, kevin mccarthy, paul ryan, joined by common- sense conservatives... >> narrator: cantor had teamed up with his closest allies to form their own political action committee. >> together they are the young guns. >> this is the young guns. they have a book. they have a website. they're the new face of the republican party, and as mccarthy told me, paul is the brains, mccarthy is the strategist, cantor is the leader. >> nar
trust us and we're going to use it so that you fulfill your campaign promises." >> narrator: majority leader cantor had laid out an approach that would put the new congress in direct conflict with the white house. >> it was clear the republicans were going to try to extract some price. and i think the question was, how significant would that price be? and how unyielding would the republicans be in order to get it? >> narrator: cantor thought he could count on the new...
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Feb 13, 2013
02/13
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stay with us. during this 10th anniversary season here on pbs, we have been looking back at some of our memorable conversations over the last decade, and tonight, i wanted to share one with you from our first week on the air, january 2004, and a company like facebook did not even exist. facebook was founded one week after our premier on pbs. we were paid a visit by an unlikely public figure that year, essie mae washington- williams. for years, she harbored the secret that she was the daughter of segregationist strom thurmond. following his death, she decided to tell the world her story, including a conversation with me in january of 2004. miss williams, it is nice to talk to you. thank you for coming on. >> thank you. tavis: this press conference a few weeks ago was a remarkable event. there have been a few days to put distance between that moment and now, when you came out to the world with this secret you have been harboring. how do you feel that the world now knows your secret, all of your busin
stay with us. during this 10th anniversary season here on pbs, we have been looking back at some of our memorable conversations over the last decade, and tonight, i wanted to share one with you from our first week on the air, january 2004, and a company like facebook did not even exist. facebook was founded one week after our premier on pbs. we were paid a visit by an unlikely public figure that year, essie mae washington- williams. for years, she harbored the secret that she was the daughter...
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Feb 7, 2013
02/13
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KQEH
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it has been a big engine for us. tavis: you are playing the president, but you have a real life concern about issues. the first time we met, i was in the audience at a coalition gathering, so i know you are involved in the stuff that matters. did that pull you to this opportunity, or is it a total disconnect? >> i have been a political junkie for a long time. i find the way washington works is fascinating to me. that is one word for it. to have an opportunity to really put myself in the situation of the most difficult job in the world, it is the most pressurized job in the world and to see, how you handle that with grace? that really excited me. kerry is a big advocate and junkie herself, so it has been great. tavis: does playing the president of the united states in any way enhance your value or stature in this town? >> we will find out. i do not know how to answer the question, but i will say it is a great framework for a character, because you have instantaneous power. it gives you, watching the show and seeing ho
it has been a big engine for us. tavis: you are playing the president, but you have a real life concern about issues. the first time we met, i was in the audience at a coalition gathering, so i know you are involved in the stuff that matters. did that pull you to this opportunity, or is it a total disconnect? >> i have been a political junkie for a long time. i find the way washington works is fascinating to me. that is one word for it. to have an opportunity to really put myself in the...
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Feb 9, 2013
02/13
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KQEH
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they, like us, have families and dreams. while we are a nation that allows anyone to start anew, we are also a nation of laws, and that's what makes tackling the issue of immigration reform so difficult. a good place to start is with the kids. one of the great founding principles of our country was that children would not be punished for the mistakes of their parents. and it is time to provide an opportunity for legal residents and citizenship for those who are brought to this country as children and who know no other home. it's the right thing to do for our families, security, and for our economy. >> question is majority leader eric cantor, now the highest ranking republican leader to endorse a path to legal residency for the 11 million illegal immigrants already in the u.s.? >> that's not what he said, john. he just said that he sim pa that i seed with the dreamers who were the children who were brought here by their parents through no fault of their own and to give them some legal residency. he didn't come out for a path
they, like us, have families and dreams. while we are a nation that allows anyone to start anew, we are also a nation of laws, and that's what makes tackling the issue of immigration reform so difficult. a good place to start is with the kids. one of the great founding principles of our country was that children would not be punished for the mistakes of their parents. and it is time to provide an opportunity for legal residents and citizenship for those who are brought to this country as...
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Feb 9, 2013
02/13
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KQEH
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the state has given us the ability and we hope to see that ability used soon to slightly raise the vehicle license fee here in the city and have that go toward transportation purposes. there's different bond measures being considered. and there's ways we can use the existing funds more creatively. >> let me ask you, if you're a driver, i drive and i bike and i walk. but if you're a driver, you're seeing more parking meters go up. you're seeing the parking meter fines in some cases, enforcement going up. you're seeing parking spaces being taken away for bike lanes. so i'm wondering, is part of the overall strategy to make it a little less comfortable to drive a car in the city? >> right. a good question. the city has set a goal of reducing private auto trips. it's part of the transportation agency's overall strategy. to reduce auto trips, the next five years, by about 11%. how will they do that? they'll grow transit trips. they'll grow bicycling. walking, taxi car trips and car share. there's a method to get to that. what i would say, particularly with things like parking, there's a goal to
the state has given us the ability and we hope to see that ability used soon to slightly raise the vehicle license fee here in the city and have that go toward transportation purposes. there's different bond measures being considered. and there's ways we can use the existing funds more creatively. >> let me ask you, if you're a driver, i drive and i bike and i walk. but if you're a driver, you're seeing more parking meters go up. you're seeing the parking meter fines in some cases,...
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Feb 23, 2013
02/13
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KQEH
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. >> president obama used his bully pulpit this week to call on congress to avoid, get this, sequestration. that's washington nomenclature for automatic spending cuts due to go into effect on march 1, next friday. on that date, both military and domestic programs will feel the impact of the monumental $85 billion cuts slated for this year, 2013, alone. not only does the president condemn the cuts, but his administration is also sounding the alarm. first, the secretary of state. >> but in these days of the looming budget sequester that everyone actually wants to avoid, or most, we can't be strong in the world unless we are strong at home. my credibility as a diplomat, working to help other countries create order is strongest when america at least puts its own fiscal house in order, and that has to be now. >> next, the secretary of defense. >> members of congress need to understand that they were elected to protect the public, not to hurt the public. and i hope they will remember that as they hopefully work towards a resolution of this issue. >> the president and his cabinet all want, quote
. >> president obama used his bully pulpit this week to call on congress to avoid, get this, sequestration. that's washington nomenclature for automatic spending cuts due to go into effect on march 1, next friday. on that date, both military and domestic programs will feel the impact of the monumental $85 billion cuts slated for this year, 2013, alone. not only does the president condemn the cuts, but his administration is also sounding the alarm. first, the secretary of state. >>...
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Feb 6, 2013
02/13
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nick setyan joins us now. he's restaurant analyst at wedbush securities. >> susie: so, nick, you told me you were disappointed when the numbers first came out on chichipotle, and after you listened in, you were encouraged. what is that? >> they had already announced the quarter. when i saw the unit growth, that was disappointing to me because lastiÍa they opened 180 units, and that signifies to me not only a slowing growth rate on the unigrowth side, but a slowing in terms of the absolute number of openings. that indicates a little bit of overpenetration. when i had conversations with some of the managers, they tell me one of the biggest things for slowing transaction trends is that there is a store that opens up next door. >> susie: all right. they are trying -- they announced they are going to be trying some new menu options, vegetarian food. they're going to have a catering business. is this going to help them to stay ahead of the competition? they're also opening more stores. >> the caters business, certa
nick setyan joins us now. he's restaurant analyst at wedbush securities. >> susie: so, nick, you told me you were disappointed when the numbers first came out on chichipotle, and after you listened in, you were encouraged. what is that? >> they had already announced the quarter. when i saw the unit growth, that was disappointing to me because lastiÍa they opened 180 units, and that signifies to me not only a slowing growth rate on the unigrowth side, but a slowing in terms of the...
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Feb 2, 2013
02/13
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KQEH
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heather is with us from chicago. still tepid job growth here, healther so what gives you confidence that not only is the economy growth but strength is gathering momentum? >> i think there is a lot of improvement on the manufacturing side of things globally. so you have seen a lot more positive commentary about the situation in europe, how things are going in china. and it's being backed up by manufacturing data improving, so as we've seen that, we really have more confidence that areas like the odd otos and housing markets in the u.s. are going to continue to gain steam. >> tom: and you're putting that stat germany to work in energy, particularly natural gas. we have seen natural gas prices down to historic lows. why go natural gas producers with production increasing, presumably putting downward pressure on prices? >> well, they have actually a very interesting portfolio of assets and they've really been paring back their assets lately. their focus is on onshore development of assets that have both natural gas and
heather is with us from chicago. still tepid job growth here, healther so what gives you confidence that not only is the economy growth but strength is gathering momentum? >> i think there is a lot of improvement on the manufacturing side of things globally. so you have seen a lot more positive commentary about the situation in europe, how things are going in china. and it's being backed up by manufacturing data improving, so as we've seen that, we really have more confidence that areas...
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Feb 9, 2013
02/13
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KQEH
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and it's not using up enough. so they've kept a lot in reserve, a lot of speculation coming to the market, and it's not getting used up. two, three weeks we have a great idea of where we will sit heating season wise. after that, down we go displuz for most of the u.s., households use natural gas. they don't use heating oil. and the ones that do are mostly in the northeast. so come march, will their pricees, their home bills be down? >> by the end of march, it will be much lower. 10% lower is what i'm estimating. >> susie: let me talk to you about gasoline because we've also seen gasoline prices have been going up every single day for the last 21 days and averaging $3.55 a gallon. where can we expect gasoline prices to go over the next couple of weeks? >> i think it's going to follow a similar trend of heating oil. i think we have another two to three weeks of somewhat higher prices. after, that i also think it's going to go down. the reason why, refineries are going to switch over to unleaded gas and there will be
and it's not using up enough. so they've kept a lot in reserve, a lot of speculation coming to the market, and it's not getting used up. two, three weeks we have a great idea of where we will sit heating season wise. after that, down we go displuz for most of the u.s., households use natural gas. they don't use heating oil. and the ones that do are mostly in the northeast. so come march, will their pricees, their home bills be down? >> by the end of march, it will be much lower. 10% lower...
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Feb 16, 2013
02/13
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KQEH
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and is the same site used for north korea's previous two tests. the first in 2006 and the second in 2009. the u.s. geological survey detected a 4.9 magnitude seismic event in the area, more powerful than the 4.5 that registered in 2009 after north korea's second test. scientists in multiple countriesing detected the explosion. north korea issued a confirmation, declaring the test was quote, carried out at a high level in a safe and perfect manner using a miniatureized de greater explosive force than previously, unquoted. pyongyang also declared the the reckless hostility of the united states. unquote. in a state of the union address tuesday president obama had this to say. >> provocation of the sort we saw last night will only further isolate them as we standby our allies, strengthen our own missile defense and lead the world in taking firm action in response to defense and take firm action in respnorth threats. >> this is north korea's first successfully launched a long range rocket, raising fears north korea now has the capability to hit the uni
and is the same site used for north korea's previous two tests. the first in 2006 and the second in 2009. the u.s. geological survey detected a 4.9 magnitude seismic event in the area, more powerful than the 4.5 that registered in 2009 after north korea's second test. scientists in multiple countriesing detected the explosion. north korea issued a confirmation, declaring the test was quote, carried out at a high level in a safe and perfect manner using a miniatureized de greater explosive force...
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Feb 14, 2013
02/13
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KQEH
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. >> susie: president obama also used last night's speech to push for an increase in cyber security. his proposal set the stage for a fresh debate on the urgency for cyber-security. the president made the case that america's power grid, financial institutions and air traffic control systems, are vulnerable to attacks. so he's calling on congress to pass legislation to give the u.s. government the capacity it needs to secure our networks. the president also issued an executive order, to create cyber security standards for u.s. businesses, and for the government to share more information about threats. but cyber security experts, say while that sounds easy, it's hard to do. >> you can't just inform one party necessarily, you might really have an obligation as a government to inform every player in a sector, and then of course that's a high bar, because you're sharing the information with a lot of people which increases the likelihood that it might get out back into the wrong hands. >> susie: beckstrom says the threat of cyber attack or manipulation to critical infrastructure like the p
. >> susie: president obama also used last night's speech to push for an increase in cyber security. his proposal set the stage for a fresh debate on the urgency for cyber-security. the president made the case that america's power grid, financial institutions and air traffic control systems, are vulnerable to attacks. so he's calling on congress to pass legislation to give the u.s. government the capacity it needs to secure our networks. the president also issued an executive order, to...
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Feb 8, 2013
02/13
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KQEH
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what einhorn is proposing is that apple pay out more of its cash hoard to investors, using a special kind of preferred stock. einhorn has a lot at stake: his fund owns more than one million shares of apple, and while the stock rose a bit today, it's down 35% since its peak of $700 last september. late today apple issued this statement: "apple's management team and board of directors have been in active discussions about returning additional cash to shareholders. as part of our review, we will thoroughly evaluate greenlight capital's current proposal to issue some form of preferred stock." >> susie: joining us now with more, brian white, tech analyst at topeka capital markets. so brian, a lot going on in this battle. what's your take. i know you were talking to some people at green light today. what's your take on david ianhorn's strategy, and does it make sense in. >> well, i think it makes a lot of sense. and a lot of investors are frustrated about the lack of crash distribution from apple. and i think the argument really reached in deflection point today. so i think we'll see some
what einhorn is proposing is that apple pay out more of its cash hoard to investors, using a special kind of preferred stock. einhorn has a lot at stake: his fund owns more than one million shares of apple, and while the stock rose a bit today, it's down 35% since its peak of $700 last september. late today apple issued this statement: "apple's management team and board of directors have been in active discussions about returning additional cash to shareholders. as part of our review, we...
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Feb 21, 2013
02/13
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WETA
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was a family member who was willing to give us an e-mail that gave us some really good information about adam that had not been out there before. we learned through this e-mail that while peter and nancy did get divorced in 2009, peter actually had been out of the house in 2001. >> peter lanza continued to support his family financially. >> narrator: the e-mail also said that adam as a young boy had been diagnosed with sensory integration disorder-- a not widely accepted diagnosis involving difficulties processing and reacting to stimuli. later, in middle school, the family member said adam would receive another diagnosis: asperger's, a form of autism that interferes with social interan. >> i want to talk a little bit about the middle school years. because isn't this when we start to hear about adam having problems that go beyond just the diagnosis of sensory integration? >> we were told around middle school... the middle school years. >> right. there was the initial diagnosis, and then the diagnosis of asperger's. >> and that goes to... social isolation, inability to communicate with ot
was a family member who was willing to give us an e-mail that gave us some really good information about adam that had not been out there before. we learned through this e-mail that while peter and nancy did get divorced in 2009, peter actually had been out of the house in 2001. >> peter lanza continued to support his family financially. >> narrator: the e-mail also said that adam as a young boy had been diagnosed with sensory integration disorder-- a not widely accepted diagnosis...
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Feb 27, 2013
02/13
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KQEH
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to play harder and induce us to expect more than ever before." is the federal reserve, as you heard the chairman lay out, feeding this arrogant cycle? >> i think absolutely. for them to take credit for non-inflation, when it is a sign of anemic recovery is pushing the envelope a little bit. i think, also, for people to begin to think that the fed is going to back stop this market any time it is going to go down and we can't lose, creates more and more danger in the marketplace. i think investors should pay close attention to balance sheets, cash flows, and be very careful. this feels very artificial to me. >> tom: while the chairman may not have been as bullish on continuing to buy bonds because of the two-day stock decline we saw recently, it certainly goes without saying, though, he was supportive of the economy, supportive of that strategy, and we saw the subsequent reaction in the stocks. >> and he said he didn't find stocks overvalued at this point. he thought they were reasonably challenged. fed chairmans of years gone by said they didn't c
to play harder and induce us to expect more than ever before." is the federal reserve, as you heard the chairman lay out, feeding this arrogant cycle? >> i think absolutely. for them to take credit for non-inflation, when it is a sign of anemic recovery is pushing the envelope a little bit. i think, also, for people to begin to think that the fed is going to back stop this market any time it is going to go down and we can't lose, creates more and more danger in the marketplace. i...